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Nov 30, 2012
11/12
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FBC
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but indication today that president obama is a little bit more flexible on the tax hike for the rich, at least than we thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not being flexible on spending cuts, by not cutting anybody. what to make of it? tom fanning. and former bush front economic director todd. erin, what are we to make of this? do you get a sent from this, that this is the making of a middle ground deal? >> i think it is. i was up on capitol hill today. john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republicans
but indication today that president obama is a little bit more flexible on the tax hike for the rich, at least than we thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue...
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Dec 4, 2012
12/12
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obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out of debt. >> both sides will be taking their plan to the public this week they will meet with governors for state business he's meeting with the governors today. john boehner will be with governors plus conduct rallies with small business owners. we don't know if these two sides are going to reach an agreement any time soon and the fiscal cliff is past approaching. >> thank you very much. we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the presid
obama wants to raise taxes on the wealthy. obama wants to eliminate deductions and close loopholes plus cut spending for entitlement programs. the president has said there can't be tax cuts for the rich at the expense of the domestic program which is frustrating for some republicans. >> this president, i think the president with president obama he's a small minded president in big times. he is talking about 35 verses 39.6 for people who make over a million dollars. that doesn't get us out...
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Dec 4, 2012
12/12
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out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes back if we do nothing. >> the conversation in washington being separate from what it feels like the real needs of the country, a familiar feeling for me. i often have this frustration that the beltway discussion is not what the important questions are that are facing the country. in this case, i feel like as long as we're willing to talk about the economic needs of the country, as long as we're willing to talk about fiscal policy, how can it be we're not talking about new stimulus. the republicans ran against that as if the stimulus was this awful thing. but the republicans lost and we have an ec
out there, the republican from oklahoma, who said we're draz si if we don't extend the middle class tax cuts. you could see more republicans get there. and that's why i'm really glad president obama is not negotiating both for himself and for the republicans, which was sometimes his habit the last time. he's basically saying you want a bunch of cuts i don't have. don't make me propose them. that's creating some pressure on them. i think both those things will have an effect. we'll get the taxes...
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Nov 30, 2012
11/12
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charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on one thing. t
charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced...
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Dec 6, 2012
12/12
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he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >>
he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us...
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Dec 4, 2012
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and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like this between bipartisan governors and the president? >
and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way...
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Dec 6, 2012
12/12
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the question is are they going to raise taxes on everyone or allow obama's idea of raising taxes on just the job creators? >> sean: if we're governing based on perception, we'll lose always. >> no, no. >> sean: yeah, always. the media will always side with the democrats and the liberals. >> of course they will, but there are some things where you're handing a gift to the media where there is something to the point they're making, and moreover, the point is standing on principle. if they could win, that would be one thing. they can't win. >> sean: they might as well have the whole government and let them take the responsibility for the failure. >> we can raise taxes on hollywood, new york, new york and warren buffett. you're wrong. >> they're going to lose. >> sean: you're saying the pr war. >> no, no, no. >> sean: they have the power of the purse. they should use their constitutional authority. >> if they block tax hikes on the income earners, taxes go up for everyone. how is that winning? that isn't winning. just make sure the media cannot blame the next four years of the economy on the
the question is are they going to raise taxes on everyone or allow obama's idea of raising taxes on just the job creators? >> sean: if we're governing based on perception, we'll lose always. >> no, no. >> sean: yeah, always. the media will always side with the democrats and the liberals. >> of course they will, but there are some things where you're handing a gift to the media where there is something to the point they're making, and moreover, the point is standing on...
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Dec 5, 2012
12/12
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president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can be. and what city in america. >> raise revenues that are sufficient to balance with >> the issues is that we are going to have to raise revenues that are sufficient to balance with very you have to cuts that we've already made and we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> pelley: that, the republican house speaker said in response, will never work. the republican counter offer cuts spending and raises taxes for no one and nancy cordes has the state of play as of tonight. nancy? >> reporter: scott, a dispute erupted today ov
president obama dug in his heels today insisting on tax revenues for higher income earners but at a hint of compromise he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can...
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Dec 4, 2012
12/12
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cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus, conservatives like yourself loved the fact we had a surplus underather than under the last o administrations. we now have a $16 trillion national debt. >> one question, lanny. under bill clinton, they cut defense spending from reagan 6% of gdp to 3%. cut it in half as a percentage of the economy. that's why he got a balanced budget. he hatched defense. >> we've got to take a break. guys, stay there. by the way, don't forget, bill clinton had newt gingrich and they were a big part of it. actually, clinton sat down with gingrich. i don't see # i don't see that happening here. governor pali
cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus,...
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Nov 29, 2012
11/12
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tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage in major entitlement reforms of programs that have helped to lift millions of americans ou
tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there...
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Dec 4, 2012
12/12
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what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for millions more. and more on the president's plan which will pitch to governors today largely spares social se
what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon...
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Dec 4, 2012
12/12
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obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after the break, offer ver ses counteroffer. we will break both down with ezra klein when he joins us next on "now." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and
obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after...
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Dec 7, 2012
12/12
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WJLA
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. >> we turn to the growing fiscal cliff.the president obama took his pitch higher taxes to a fairfax county home. met with a family in falls church. mr. obama is pushing for a tax makease on garner's who than $250,000 a year. -- on earners who make more than two and $50,000 a year. spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face. between 50,090 thousand jobs notd be lost if a deal is reached. -- 50,090 thousand jobs could deal is not reached. a new proposal could be families living in the bloomingdale section of town. is live.dfrey >> engineers call this area an anomaly. it is where three major storm drains throughout the city converge. is a flash flood, people do not have a chance. proposal is hoping to help .hose >> ryan describes the hisruction left behind when flooded four times a in for summer having dried out with no help from officials, e is one steph ahead. >> we will have to hold our breaths for next year and hope our pa
. >> we turn to the growing fiscal cliff.the president obama took his pitch higher taxes to a fairfax county home. met with a family in falls church. mr. obama is pushing for a tax makease on garner's who than $250,000 a year. -- on earners who make more than two and $50,000 a year. spending cuts will go automatically into effect. maryland law makers are on guard martin o'malley and mike miller and michael bush were in annapolis while they discuss the financial fallout the state face....
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Dec 5, 2012
12/12
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CURRENT
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i think it gives obama even higher political ground than he has now. he already has political high ground. he already has a strong position. he may not even have to do this politically. but i think that this would send if he did it, it would send a signal to the corporate world that okay, this guy he's not -- he doesn't want to just raise everybody's taxes willy-nilly. he's talking sense to us. he's talking our language. maybe if he's going to give us a little, we could give him a little. he gets the corporate people on his side and they start pressuring the republicans even more. >> jennifer: i actually like this a lot. i mean -- i think the effective tax rate which is really the rate that everybody really pays when you include the loopholes is somewhere in the mid-20s right? mid 20%. i might go lower than you would go so then you have the corporate community on your side for both tax reform, corporate tax reform and you would have them hopefully lobbying congress on your behalf regarding the debt ceiling because they don't like that whole congress ho
i think it gives obama even higher political ground than he has now. he already has political high ground. he already has a strong position. he may not even have to do this politically. but i think that this would send if he did it, it would send a signal to the corporate world that okay, this guy he's not -- he doesn't want to just raise everybody's taxes willy-nilly. he's talking sense to us. he's talking our language. maybe if he's going to give us a little, we could give him a little. he...
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Dec 1, 2012
12/12
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cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a lot of people excited about it, and people want to go and check it out. when you look at the way costco treats its workers that's where the real story is, right? especially when you care costco to walmart. first let me tell you warehouse workers in southern california have petitioned to include wal-mart as a defendant in a lawsuit about wages. theythe average costco worker makes $17 an hour. and average wage for walmart work is $8.81 an hour. >> cenk: that is an enormous difference. costco is not out of business. they're profitable and per employee, this gives you a
cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a...
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Dec 1, 2012
12/12
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president obama was on the wrong side of it then. definitely headed -- leading the country in a bad direction now. he had every reason to try to figure out a way to help the republicans, help get them to a deal so everyone could not have this anxiety leading up to the fiscal cliff. he is exacerbated the anxiety with the ridiculous plan. mitch mcconnell does not show emotion about anything ever. he has the best poker face. geithner's proposal must have been absurd that he laughed out loud would have been fan tast tic to see. >> andrea: there is a second stimulus. all spending and taxing. how would you feel if the republicans walked away? something you celebrate? >> bob: if they walked away permanently celebrate it particularly. look, the republicans, the question i've got here is why are you putting at risk all the things you talk about? the recession and the dire things, for the sake of people at the top 2%. i don't understand that. >> eric: you are not being fair. >> bob: what do you mean? >> eric: that there will be a recession if
president obama was on the wrong side of it then. definitely headed -- leading the country in a bad direction now. he had every reason to try to figure out a way to help the republicans, help get them to a deal so everyone could not have this anxiety leading up to the fiscal cliff. he is exacerbated the anxiety with the ridiculous plan. mitch mcconnell does not show emotion about anything ever. he has the best poker face. geithner's proposal must have been absurd that he laughed out loud would...
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Dec 6, 2012
12/12
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CSPAN
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to bial theail them as far as obama taxing the rich, you notice he does not touch entitlements. most of the rich is going to get off on tax breaks so there will only be certain rich that will be taxed. host: from "the hill" this morning -- 40 something republican senators sent a letter to the president yesterday. they conclude by saying -- again, this is 40 something republican senators, a letter to the president yesterday. back to your calls on the future for an the rodham clinton. this is a democrat from ohio. caller: i am fine tha, thank yo. i think if we get through these next four years, hillary clinton would make a good candidate and a good president for our country. i think she would move the country continuously. she knows a lot about the foreign affairs. i think she would be a good candidate. host: thank you for calling in this morning. caller: i am still wondering what happened to all that money they found when they went in over to iraq. could you please get me an answer to that question? host: probably not in the next 30 seconds but that is a good question that you ha
to bial theail them as far as obama taxing the rich, you notice he does not touch entitlements. most of the rich is going to get off on tax breaks so there will only be certain rich that will be taxed. host: from "the hill" this morning -- 40 something republican senators sent a letter to the president yesterday. they conclude by saying -- again, this is 40 something republican senators, a letter to the president yesterday. back to your calls on the future for an the rodham clinton....
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Dec 5, 2012
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yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conse
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go...
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Nov 30, 2012
11/12
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CURRENT
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take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which is give me a proposal. i think one of the lessons that the president learned early on during the first part of his administration is i think somebody else in the "washington post" might have said it when they said he's not going to negotiate with himself any longer. the nicer gentler barak obama who did closed-door negotiations who was always greeted by members of congress with obstructionism that is gone with the majority of americans voting for him. he came out and said give me a proposal. if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce enti
take a listen. >> obama: let's make sure that middle class taxes don't go up. let's get that done in the next couple of weeks. let's also work together on a fair balanced responsible plan so that we are paying our bills we're not spending it on things we don't need but we're spending it on the things that make us grow. >> jennifer: he got the message to the public. what is he saying to congress. >> he's basically saying what we've seen other people say here around town which...
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Dec 6, 2012
12/12
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tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds and the state of california. those reports after these messages. t wants that pink cast. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i wish my patits could see what i see. ♪ that over time, having high cholesterol and any of thesrisk factors can put them at increased risk for plaque buildup in their arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alone aren't enough, i pres
tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds and the state of california. those reports after these messages. t wants that pink cast. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get...
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president obama paid them a visit to find out how tax increases would impact them. right now, there's still no agreement with republican lawmakers. nbc's danielle lee is on capitol hill with more on the president's house call today and with the latest on what both sides are prescribing. danielle? >> reporter: pat, president obama said he's trying to highlight the impact of those tax hikes on the middle class. on capitol hill, there's growing pressure to stop the campaigning and sit down face-to-face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tiffany had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washin
president obama paid them a visit to find out how tax increases would impact them. right now, there's still no agreement with republican lawmakers. nbc's danielle lee is on capitol hill with more on the president's house call today and with the latest on what both sides are prescribing. danielle? >> reporter: pat, president obama said he's trying to highlight the impact of those tax hikes on the middle class. on capitol hill, there's growing pressure to stop the campaigning and sit down...
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all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the rates because president obama has said it way too many times not to increase the rates at all, but although as we've sheen you, they've also hint haded they might lower rates. he's not going to go back up and take the bush tax cuts away. the final might be 37%. politico same reporting as the wall street journal on that. they say it might be about $1.2 trillion in tax increases. they say realistically it could be closer to a trillion dollars. that's similar to what we've been hearing. the democrats are supposed to have leverage, but looks like they'll get the same trillion dollars that president obama has always been asking for. finally, or two final notes on this we've got the $1.2 trillion in cuts that we might be getting. that's weird because it looked like the cuts were going to be much more than that. we'll see how that plays out. on medic
all along, president obama was saying i'm taking away the bush tax cuts, we're going back to the clinton era rates right? all of a sudden not really going back to the clinton era rates. that's why i was saying you know what, they might increase the rates because president obama has said it way too many times not to increase the rates at all, but although as we've sheen you, they've also hint haded they might lower rates. he's not going to go back up and take the bush tax cuts away. the final...
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Dec 6, 2012
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tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds being drained off by the feds and the state of califororororor [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >> bill: unresolved problem segment tonight, according to the media research center a conservative watchdog group newscast focus twice as much on tax increases for the wealthy as they have on spen
tax increases are triggered? yes or no and we will give you the results of that poll on monday. directly ahead, network news operations firmly behind tax increases or so it seems. but dennis miller none to happy about his portfolio being drained off by the feds being drained off by the feds and the state of califororororor [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than...
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another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember this guy? the one who vowed to keep his romney/ryan campaign tattoo dispute the election results? reality has apparently caught up with him, and it's coming off soon. and that's your dish of "scrambled politics." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployme
another day, another republican jumping ship from grover norquist and his anti-tax pledge. this time it's new york congressman chris gibson who said that because of redistricting, he figures the pledge only applies to the area he was serving before. >>> and this was the photo op of the day. of course, vice president joe biden, he was shopping at the new costco in washington, d.c. he munched on some cookie samples, bought children's books, a tv set and apple pie. >>> remember...
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Nov 30, 2012
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and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am
and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no,...
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Nov 29, 2012
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the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareholders before the end of the year because a big tax increase on dividends could be coming next year and many companies moving up regular dividends to save their taxpayers, to save taxpayers a lot of money. start with disney. it's raising its dividend and paying it out on december 28th. that's 1.3 billion dollars paid out in total, paid out under the current tax rate. and las vegas sands paying a special dividend, that's a one on shot
the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . ....
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Nov 29, 2012
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there is no question that president obama said the rich will pay more if i'm elected. the question is, can you get a compromise? republicans give up their opposition to tax increase, democrats are willing to cut spending they cherish realize part of the deal to avoid america borrowing --. neil: but they're not doing that latter part. that is what worries me. maybe they will. maybe something is going on behind closed doors i'm not seeing governor but they're not doing that. >> big question was, is prop 30 is this passage a harbinger of good news and we'll somehow avoid the fiscal cliff. i think it might be. it will require both sides to realize america should take priority over your party, being republican and democrat. we can't keep borrowing 40 cents out of every dollar without becoming a debtor nation and engaging in a slow dim minute news of out influence and power around the world. i think a seminal event at the federal level as well. neil: governor wilson, at least unlike washington, here in california you have guys been doing a lot of cutting. you could cut a lot
there is no question that president obama said the rich will pay more if i'm elected. the question is, can you get a compromise? republicans give up their opposition to tax increase, democrats are willing to cut spending they cherish realize part of the deal to avoid america borrowing --. neil: but they're not doing that latter part. that is what worries me. maybe they will. maybe something is going on behind closed doors i'm not seeing governor but they're not doing that. >> big question...
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Dec 3, 2012
12/12
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there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we have a counter at some point in the next couple of days. where they go in terms of those numbers i don't know because this would be the first time that either party has to move far off of its talking points. both parties made offers that are basically what the talking points are. now we get to the nitty-gritty. who is willing to show a little leg and compromise. >> quite a metaphor. >> whoa! >> you show a little leg. >> rise above, show a little leg. it's all the same. thank you. >> poor guy he is doing a serious report -- >> and then you guys chime in. >> the "fast money" hounds
there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we...
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, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about. now it's 2%. when you look at it. who they want to have taxes raids on the white house. it's not a fiscal policy. is that a punishment orifice cal policy? >> i don't think it many a punishment. not in and of itself which is why you have to couple that with three times as much spending cuts. these people have had the best of the best for the last 20 years. when there is a tax bill they get favored. it's time for them to give a little back. andrea says all these people will be hurt. they will be hurt because her party is holding on for a bunc
, obama-care already taxes the middle class. the majority of the country do not want to be taxed. what they don't know already is everybody is getting a tax increase because of obama-care. people get the government spending too much. they want spending cuts. i will give you this, though. when you start to talk about specific cuts, people say don't cut my entitlement. that's the difficult issue in washington. but democrats have to wake up. martha: when you look at the 2% you are talking about....
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Dec 6, 2012
12/12
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. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republ
. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that...
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you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openl
you'll have 98% of the american people who will get a tax cut under president obama's proposal, 97% of american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like?...
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president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested in a balanced agreement, he's not particularly interested in avoiding the fiscal cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we con
president obama spent his afternoon in northern virginia again pushing his case for raising taxes on families earning more than $250,000 a year. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%, but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so i think it's safe to say at this point that the president actually isn't interested...
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president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shepard: if the president and congress cannot cut a deal by new year's day. automatic spending cuts kick in a
president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >>...
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Dec 4, 2012
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on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at investment income being taxed more harshly than regular income. megyn: well, why should we care about that? for those of us who don't have that many investments, why do we care? >> well, we should care because the tax on capital has a major impact on the economy overall, on productivity growth and, therefore, on standards of living. the way that you have a more prosperous economy, is you need to have incentive to encourage capital formation, to encourage investment, to increase worker productivity -- megyn: what are people going to do with their money? so if i had otherwise invested in stocks and gotten dividends, but now -- because
on that, and president obama wants to change that to you should get taxed on that income as though it's your actual, like, salary. and if that, if he gets his way on that, then that income goes up to whatever your salary tax rate is, plus if you're over 200 or 250, the 3.8%, plus the .9% as well? >> >> it would be just the 3.8. the% 9 is for wage income above that 200 or 250. but it would be on top of your ordinary income tax rate, so we could be looking at investment income being...
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to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little bit, don't you? another people are very upset. but, you know, i don't know. does it disturb you that the people who put this together are teaching our children? are you shocked that this is the way they think? >> they want to laugh, which is why they put in this comical cartoonish kind of way, so that if you raise legitimate issues, you are considered some sort of humorless person who doesn't really get it. the problem here is twofold. the teachers that put out this video, at least the union made on behalf of the teachers, these were the people who are tea
to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little...
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go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it was made to the hospital where kate is being treated for acute morning sick sentencesness. anna bell roberts is with us. >> reporter: good morning, lynn. that's right. the latest on kate's condition i
go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five...
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seeing the wealthy pay a little bit more on taxes, half of the electorate said that. everybody should pay a little bit more so a clear majority said that. consistently "the washington post" poll showed right after the election and again now that are more people will blame republicans and the president if there is no deal. so i think republicans need to really tread carefully. look, i think it hurts everybody politically if we go over the fiscal cliff. republicans will pay a larger price. it's about making sure they don't drive themselves off a middle class cliff by digging their heels into lower rates. actual hadly have lower rates for the wealthy than the wealt >> tripp, you work for a group -- you're saying, hey, we stand for principle but you're not there to win elections. you're there to win policy fights. >> right. >> the fact is, if republicans could be -- some concern is republicans pulling away from the vote. >> hopefully good policy makes good politics. in this case, if we can see the tax issue, that's not going to fix the problem. the drivers of the debt is
seeing the wealthy pay a little bit more on taxes, half of the electorate said that. everybody should pay a little bit more so a clear majority said that. consistently "the washington post" poll showed right after the election and again now that are more people will blame republicans and the president if there is no deal. so i think republicans need to really tread carefully. look, i think it hurts everybody politically if we go over the fiscal cliff. republicans will pay a larger...